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You have 43 years until retirement. Your financial planner has created an investment plan that you hope will generate a retirement income of $199,000 per

You have 43 years until retirement. Your financial planner has created an investment plan that you hope will generate a retirement income of $199,000 per year. You expect annual inflation to average 4% between now and when you retire and you are wondering if this will be enough to live the kind of lifestyle you desire. How much will $199,000 in 43 years purchase today in today's dollars? Do not round intermediate calculations. Round your final answer to pennies.

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